Embassy Office Parks REIT has received approval for the issuance of rupee denominated, listed, rated, secured, redeemable, Non-Convertible Debentures (NCDs) by the Embassy Office Parks REIT on a private placement basis for an aggregate amount of Rs 3,650 crore split into Two Tranches i.e. Tranche A and Tranche B wherein Tranche A shall be for an aggregate amount of Rs 3,000 crore and Tranche B shall be for an aggregate amount of Rs 650 crore.
The Debenture Committee of the Board of Directors of Embassy Office Parks Management Services, Investment Manager of Embassy Office Parks REIT at its meeting held on April 23, 2019 has approved the same.
